Ebay axing 800 jobs after $1.2B Depop acquisition

Ebay axing 800 jobs after $1.2B Depop acquisition

Ebay said Thursday it’s chopping about 800 jobs, or roughly 6% of its full‑time workforce, as the e‑commerce company strikes to streamline operations and align staffing with its strategic priorities.

“We are taking steps to reinvest across our business and align our structure with our strategic priorities, which will affect certain roles across our workforce,” the company said.

This is the third round of layoffs since 2023. The latest layoffs symbolize 6% of eBay’s workforce. REUTERS

The layoffs comply with eBay’s $1.2 billion acquisition of Depop, announced last week, as the agency doubles down on secondhand trend and Gen Z‑targeted platforms.

This is the third round of layoffs since 2023.

The company reduce about 1,000 roles (9%) in early 2024, citing labor prices outpacing progress, and about 500 roles (4%) in early 2023, as a result of a slowdown in shopper spending after the pandemic.

Shares rose more than 3% on Thursday.

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